Structure Law Group, LLP offers full-service representation to startups and established businesses operating in the tech hubs of Silicon Valley, Los Angeles, Austin, TX, and Lake Oswego, OR. With outlets in both established and burgeoning tech centers, our firm is ideally situated to help tech startups lay the groundwork for their future growth. Further, our firm will stay with your business throughout its growth cycle and help you navigate the complex regulatory changes that keep impacting the tech sector.
As part of our comprehensive business litigation services, we offer creditor recovery services and debtor defense to Portland corporations. In this article, we’ll discuss how SLG can help your firm recover money you’re owed from either customers or other companies or defend yourself from creditor actions filed by other companies.
Debt Collection and Creditors’ Rights in Portland, ORIf you are a company attempting to recover a debt, the debtor has the option of filing for bankruptcy which will prevent you from taking further action to recover the debt. Nonetheless, you do have options. Your company can be represented during the bankruptcy hearing, or alternatively, move quickly enough to get a judgment attached to the debt, so that it can’t be easily dismissed in bankruptcy. Our attorneys have helped Portland companies recover debts from other companies, individual customers, and protected companies from bad claims against them. SLG has the resources you need to maximize your profits, recover unpaid debts, and avoid liability for bad debts.
Pre-judgment Remedies for Portland, OR CreditorsOregon allows for three pre-judgment remedies. That means you don’t need a judgment in your favor to begin recovering the debt. However, these provisions only apply to a limited number of situations.
Once a creditor has received a judgment in their favor, they can begin taking aggressive actions against the debtor without worrying about if special rules apply. These measures include:
Federal and state law permits corporations to file for bankruptcy under Chapter 7 or Chapter 11. Chapter 7 involves the complete liquidation of the company’s assets. The company does not survive Chapter 7 liquidation. Chapter 11 allows the company to reorganize their debts while a trustee is appointed to oversee the company’s operations. They can make decisions on selling assets to pay debts including intellectual property, real estate assets, or other valuable company assets.
If your company is currently insolvent and needs to file for bankruptcy protection, the Portland corporate bankruptcy attorneys at SLG can help you file, minimize your liability to creditors, and set your company back on the path to expansion and growth.
This includes:
SLG provides top-quality representation to companies that are looking to recover debts. While it may be tempting to sell the debt to a collections company for pennies on the dollar, not all debts can be written off so easily. In some cases, you will need to take aggressive actions against debtors and debtor companies to ensure the solvency of your own company. SLG can move quickly to recover the debt, file suit against the debtor company, and encumber the company’s valuable assets to ensure payment.
This includes:
Debts sometimes emerge from disagreements between companies. One company believes the work rendered is substandard while the other company believes the work was fine. A dispute over payment emerges with the one company claiming they are owed a debt while the other company claims they took a loss due to delays caused by the other company. In other words, you can fight debts and judgments that are filed by other companies in cases where you don’t believe you owe the actual debt. SLG provides Portland companies with top-quality debt defense.
Alternatively, in cases where your company owes the debt and an aggressive vendor is attempting to encumber your valuable assets, we can avoid the pitfalls of an uncontested judgment that gives the company legal access to your assets. We can also help prepare your company for the inevitability of a judgment by protecting your assets, fighting the judgment, and exploring bankruptcy options if necessary.
Talk to a Portland, OR Debtor and Creditor Rights Attorney TodaySLG offers Portland businesses creditor and debtor rights services. We can help your company recover debts owed by customers or other businesses, aggressively seek out remedy for the debt, and make your company whole. Alternatively, we provide representation to companies that are currently insolvent or underwater. We can help protect your company from liquidation and provide counsel throughout the claims process. Call Structure Law Group, LLP today at (503) 3858-3000 to schedule an appointment and we can begin discussing your situation immediately.